190 Lexie Lane - Retail FOR SALE


Cameron, NC 28326
$1,953,000 USD
980-498-3293
190 Lexie Lane, Cameron, NC for Sale
$1,953,000 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

190 Lexie Lane
Cameron, NC 28326


HIGHLIGHTS

  • HIGHLY VISIBLE AND SURROUNDED BY HUNDREDS OF NEW HOMES
  • NEARBY TO MAJOR ECONOMIC DRIVER
  • HIGH GROWTH MARKET

OVERVIEW

STRONG LEASE FUNDAMENTALS - New 15 year lease - 10% rent increases every 5 years - Minimum Landlord Responsibilities - Long term passive investment opportunity NEARBY TO MAJOR ECONOMIC DRIVER - Approximately 11 miles to Fort Liberty, a 251 square mile military base - The largest military base in the entire world with over 52K military personnel - Fort Liberty has an economic impact of $8.1 billion to the local economy HIGHLY VISIBLE AND SURROUNDED BY HUNDREDS OF NEW HOMES - Fronting NC Hwy 24-87 (41,000 VPD) - Over a 7.0% annual population growth over the past 13 years in a 1-mile radius - Total number of homes in a one mile radius has nearly doubled in last 13 years (7.3% annual growth) NEW CONSTRUCTION - New build-to-suit with transferable roof and mechanical warranties POSITIONED ON A RETAIL CORRIDOR - Over 350KSF of retail space located in a 1-mile radius of the site - Nearby retailers include: Walmart Supercenter, Food Lion, Dollar Tree, Bojangles, Zaxbys, and More HIGH GROWTH MARKET - According to the World Population Review, the city of Spout Springs is growing at a rate of 7.7% annually - The national average growth rate for a city in southern United States is 1.0%

FOR SALE DETAILS

PRICE

$1,953,000 USD

PRICE/SF

$610 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Main Street Urgent Care

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,908 SF

ZONING

-

APN/PARCEL ID

019594 0047

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.